Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — Evidence Doesn't Fit Late-Cycle  Pattern: Stock market performance seems to fit an early to mid-cycle phase, when the economy expands at a strong pace, and cyclical and growth-sensitive sectors outperform.
  
  
• Market View — The Buckle-Your-Seatbelt Moment Has Arrived: Assessing Near-term Market Moves: Given the potential rocky road ahead from incoming macro data, Q3 earnings, a historically tight presidential election, and the impending Federal Reserve's November meeting decision, it is little wonder investors are on edge.
  
  
• Thought of the Week — A Nuclear Power Renaissance? While in the early stages of evaluation, proposed plant recommissions and investment in new technologies suggest that America's private sector has a stake in the ground for what could likely be a nuclear power renaissance ahead.